Managers of Wealth Americas

Ex-Summit Wealth COO Indicted For $15M Investment Fraud

Former Summit Chief Operating Officer Angelo Alleca and former fund administrator Mark Morrow were arraigned in Georgia federal court.

Wall Street’s battle of the bankers

Legal case could draw attention to the industry’s hiring and retention policies

Bank of China submits records in Gucci case after fines

Sullivan initially ordered Bank of China to turn over customer records in 2011. He renewed his order in September, after a federal appeals court told him to revisit the matter.

Bank of China targeted by US for money-laundering controls

In the OCC action, which was signed last month by Chen Xu, head of the bank's New York branch, the lender's US division agreed to fix policies for finding and reporting suspicious behavior among its customers, keep better track of currency trans

SEC Settles Charges With Fund Manager for Misleading Investors

TFF’s registration statements disclosed that Equinox charged management fees based upon the net asset value (NAV) of each series.

Ocwen to Pay $2 Million in SEC Settlement

The case was supervised by Daniel Michael and Steven Rawlings.

Marijuana Inc. eyes Mexico as drug liberalization looms

From medical marijuana growers to pot private equity firms

Brazil offshore tax amnesty signed into law

Residents of Brazil with undeclared offshore assets can now voluntarily declare and regularise their tax affairs without facing criminal prosecution and only face a one-off charge and penalty.

CFTC Orders Otkritie Capital International, Ltd. to Pay a $140,000 Civil Monetary Penalty for Violating a CFTC Registration Regulation

The CFTC Order requires OCI to pay a $140,000 civil monetary penalty and to cease and desist from further violating CFTC Regulation 30.4, as charged.

SEC Charges State Street for Pay-to-Play Scheme

The SEC filed a complaint against Crowe today in U.S. District Court for the Southern District of Ohio.

HSBC fights to stop money-laundering report going public

The bank is arguing in US courts that it could be left vulnerable to money laundering if the report is published.

Ex-Foundry executive loses insider trading appeal in U.S.

The 2nd U.S. Circuit Court of Appeals in New York upheld the 2014 trial conviction and subsequent prison sentence of David Riley

The CFTC brings (and settles) its first insider-trading case: implications for all private fund managers

Among other things, managers should consider extending the scope of their current insider-trading protection efforts to commodities trading

Ex-Hedge Fund Manager Martin Shkreli Indicted on Securities Fraud Charges

This matter concerns investors in a pair of hedge funds (the MSMB Funds) that Shkreli founded with a business partner.

The Coming SEC Sweep in Hedge Funds

Operating Partners have become an important part of the private equity model because they provide consulting services for the Fund

U.S. Supreme Court Rejects Former UBS Executives' Appeals

They had argued that prosecutors waited too long to bring wire fraud and conspiracy charges.

A 40-year D.C. law firm seeks to stay small, successful in midst of Big Law

Zuckerman Spaeder’s 100 lawyers, 30 of whom are partners, have thrived as independent troubleshooters when many contemporaries were getting gobbled up by Big Law.

Latvian coder released from clink after mega-millions bank raids

Gozi '76 Service' hacker handed time served after 21 months.

‘Wolf of Wall Street’ Swiss Bank Pays $188 Million in Tax Case

“Under the terms of the agreement, UBP pays a heavy price for its criminal conduct and must cooperate fully in all matters relating to the conduct described in the agreement until all civil or criminal examinations, investigations or proceedings are

PwC in $55 million settlement with Madoff feeder fund investors

According to court papers, Fairfield Greenwich investors suffered big losses on the more than $7 billion of their money

Legal, Regulation & Compliance